Nagoya-based investment fund Inayoshi Capital Partners said Thursday that about 50 of its 167 Geos foreign-language school branches will be renamed Nova X Geos after November.
ICP also said it will close down about 20 Geos branches whose business areas are overlapping with those of Nova.
The company said students of those schools will be relocated to the nearby Nova schools or receive lessons via Nova's unique video-phone system.
Nova X Geos? What the hell kind of rebranding is that? Two dodgy schools under one roof? Maybe titling this post, "Old Wine in Old Bottles" would have been better.
I'm sure the students will be ecstatic about having to move to another school or purchasing a videophone system. Still no word about what happens to the teachers, although it's clear that some will certainly lose their jobs. Would it kill the media to mention their part of the story?